Residential Reinsurance 2025 Ltd

USAA is adding a retained quota share layer to the stated reinsurance for some of its annual aggregate Residential Re catastrophe bonds for their next loss occurrence period, after an update to the risk model used drove a material increase to the expected loss contribution of the severe thunderstorm peril, Artemis has learned.

Insurer USAA has secured its upsized $400 million target for multi-peril per-occurrence reinsurance from its latest catastrophe bond issuance, as the Residential Reinsurance 2025 Limited (Series 2025-2) deal has now been priced with its spreads finalised at the low-ends of their twice-reduced guidance.

We’re told that insurer USAA is targeting even lower pricing for its new multi-peril per-occurrence catastrophe bond issuance, the Residential Reinsurance 2025 Limited (Series 2025-2) deal, with the guidance for both tranches of notes on offer reduced for a second time.

USAA has increased the target size for its new catastrophe bond with now $400 million in multi-peril per-occurrence catastrophe reinsurance protection sought from the Residential Reinsurance 2025 Limited (Series 2025-2) deal, Artemis has learned.

US insurance giant USAA has returned to the catastrophe bond market for its 46th catastrophe bond sponsorship that we have analysed and tracked, seeking $300 million or more in multi-peril per-occurrence catastrophe reinsurance protection from a Residential Reinsurance 2025 Limited (Series 2025-2) deal, Artemis has learned.

Military mutual insurer USAA has now secured the upsized target for $425 million of multi-peril aggregate reinsurance protection from its latest catastrophe, with the new Residential Reinsurance 2025 Limited (Series 2025-1) deal now priced within the initial guidance.

We’ve learnt that insurer USAA is aiming to upsize its latest catastrophe bond to provide as much as $425 million of annual aggregate reinsurance protection, an increase from the initial $400 million target, for this new Residential Reinsurance 2025 Limited (Series 2025-1) deal.

USAA is back with the 45th catastrophe bond issuance we have tracked that the company has sponsored, initially targeting $400 million of annual aggregate reinsurance protection from a new Residential Reinsurance 2025 Limited (Series 2025-1) deal, Artemis can report.